Archive · 2 Jul 2025
Pushpa Jewellers IPO Subscribed 2.41 Times on Day 3
Pushpa Jewellers, a jewelry maker, is selling shares to the public through an IPO.
This means people can buy a piece of the company.
The price is between ₹143 and ₹147 per share.
So far, lots of people want to buy the shares.
The money raised will help the company open a new showroom and buy more jewelry to sell.
Experts are watching to see how much extra people are willing to pay for the shares, but so far, it's the same price as the IPO.
Pushpa Jewellers IPO was subscribed 2.41 times on its third bidding day.
The IPO price band is set between ₹143 and ₹147 per equity share with a face value of ₹10.
The company manufactures jewelry with a focus on lightweight 22kt designs.
Funds raised from the IPO will be used to set up a new showroom and for working capital.
Grey Market Premium (GMP) for the IPO is currently ₹0, but has trended downward.
- Who
- Pushpa Jewellers Limited.
- What
- Pushpa Jewellers' Initial Public Offering (IPO) subscription status.
- When
- The IPO commenced on June 30 and will conclude on July 2.
- Where
- Multiple regions across India and international destinations like Dubai, the United States, and Australia.
- Why
- To raise funds for a new showroom, working capital, and general corporate purposes.
Experts
Investors
Grey Market Premium (GMP)
Experts
Grey market premium (GMP) trending downward
Investors
Grey Market Premium (GMP) is currently at ₹0
- IPO Price Band
- ₹143 - ₹147 per share
- Face Value
- ₹10 per share
- Subscription Status (Day 3)
- 2.41 times
- Retail Subscription
- 3.60 times
- NII Subscription
- 2.50 times
- QIB Subscription
- 1.18 times
- GMP
- ₹0
- Use of Funds
- New showroom, working capital, and general corporate purposes